The Traderszone Network

Published in TZ Latest News 13 May, 2015 by The TZ Newswire Staff

Justice Department may go back on deal not to prosecute UBS: Bloomberg

A Justice Department official said in March that banks that have non-prosecution agreements over failures to police transactions for criminal activity could see those deals withdrawn. UBS, along with four other main banking units, was expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar with the matter told Reuters on Monday. JPMorgan Chase & Co Citigroup, British banks Royal Bank of Scotland and Barclays, and UBS had been expected to resolve forex-rigging investigations by the U.S. Justice Department later this month.

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